Gravita starts aluminum-recycling activities in Togo

Investments

Thursday, 08 December 2022 10:33

Gravita starts aluminum-recycling activities in Togo

(Togo First) - Earlier this week, December 5th, a new aluminum-recycling factory started operations in Lilikopé, in the Zio prefecture, 45km north of Lomé. The facility belongs to Gravita, an Indian recycling company with operations in several countries. The news was disclosed by the Togolese ministry for investment promotion.

In its first stage of activity, the new factory will have an annual production capacity of 4,000 MTPA per annum. Commercial production of aluminum casting alloys has begun.

Before starting the new plant, Gravita, through its subsidiary, Gravita Togo SAU, had been sourcing scrap metal in Togo and set up a “solid scrap collection network” in the country over the past three years.

In a statement issued on December 7, 2022, Gravita said it expected the new plant to generate additional revenue of about 60 million rupees a year (about CFAF 45 million), with a gross margin of about 26%.

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Besides Togo, Gravita also has aluminum-recycling plants in Tanzania, Senegal, and Mozambique. The company is also active in Asia.

Ayi Renaud Dossavi

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